Vault-13

APPLIED THERAPEUTICS INC APLT

COM · Common Stock · CUSIP 03828A101

76 institutional holders -15 vs Q1 2025
83,575,25183.6m shares reported held*
$26.0mreported value*
13 new 16 added 30 reduced 29 sold out net sold ≈ $5.6m (-18.0m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $0.31. Options: 5 managers hold calls ($131.1k notional), 6 hold puts ($76.4k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 45Q4 22: 39Q1 23: 37Q2 23: 41Q3 23: 56Q4 23: 84Q1 24: 90Q2 24: 95Q3 24: 127Q4 24: 120Q1 25: 91Q2 25: 7676Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202245
Q4 202239
Q1 202337
Q2 202341
Q3 202356
Q4 202384
Q1 202490
Q2 202495
Q3 2024127
Q4 2024120
Q1 202591
Q2 202576

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 23: 36 bought or addedQ3 23: 14 cut or sold outQ4 23: 54 bought or addedQ4 23: 15 cut or sold outQ4 23Q1 24: 64 bought or addedQ1 24: 41 cut or sold outQ2 24: 59 bought or addedQ2 24: 47 cut or sold outQ2 24Q3 24: 76 bought or addedQ3 24: 46 cut or sold outQ4 24: 77 bought or addedQ4 24: 72 cut or sold outQ4 24Q1 25: 38 bought or addedQ1 25: 70 cut or sold outQ2 25: 29 bought or addedQ2 25: 59 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233614
Q4 20235415
Q1 20246441
Q2 20245947
Q3 20247646
Q4 20247772
Q1 20253870
Q2 20252959

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15m$20mQ3 24 calls: $17.1mQ3 24 puts: $17.5mQ3 24P/C 1.02Q4 24 calls: $1.4mQ4 24 puts: $969.3kQ4 24P/C 0.68Q1 25 calls: $226.2kQ1 25 puts: $96.9kQ1 25P/C 0.43Q2 25 calls: $131.1kQ2 25 puts: $76.4kQ2 25P/C 0.58
Numbers
QuarterCallsPutsP/C
Q3 2024$17.1m$17.5m1.02
Q4 2024$1.4m$969.3k0.68
Q1 2025$226.2k$96.9k0.43
Q2 2025$131.1k$76.4k0.58

Biggest buyers

T. Rowe Price Investment Management, Inc. Added +8,303,400+8.3m
Pathstone Holdings, LLC New +2,643,540+2.6m
MILLENNIUM MANAGEMENT LLC Added +1,835,806+1.8m
CITADEL ADVISORS LLC New +474,094+474.1k
GOLDMAN SACHS GROUP INC Added +414,488+414.5k
UBS Group AG Added +325,538+325.5k
Birchview Capital, LP New +280,000+280.0k
MARSHALL WACE, LLP Added +236,810+236.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +151,867+151.9k
HighTower Advisors, LLC Added +100,000+100.0k

Biggest sellers

Venrock Adviser, LLC Sold out -5,567,709-5.6m
Schonfeld Strategic Advisors LLC Reduced -4,476,953-4.5m
BlackRock, Inc. Reduced -4,331,616-4.3m
DEUTSCHE BANK AG\ Reduced -3,844,358-3.8m
Alyeska Investment Group, L.P. Sold out -3,107,497-3.1m
MORGAN STANLEY Reduced -2,529,588-2.5m
STATE STREET CORP Reduced -1,598,532-1.6m
GEODE CAPITAL MANAGEMENT, LLC Reduced -1,182,851-1.2m
VANGUARD GROUP INC Reduced -1,155,180-1.2m
PERCEPTIVE ADVISORS LLC Sold out -860,000-860.0k

Biggest calls

SIMPLEX TRADING, LLC Reduced $77.0k250.3k shares
CITADEL ADVISORS LLC Reduced $40.4k129.8k shares
JANE STREET GROUP, LLC New $7.0k22.4k shares
GROUP ONE TRADING LLC Reduced $6.7k21.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $46.2k148.4k shares
GROUP ONE TRADING LLC Added $10.6k34.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $8.0k25.9k shares
SIMPLEX TRADING, LLC Added $8.0k28.5k shares
JANE STREET GROUP, LLC New $3.6k11.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
T. Rowe Price Investment Management, Inc. 13G · institution +1.7 pts · filed 2025-11-14 14.9% +1.7 pts 21.4m 2025-11-14
Alyeska Investment Group, L.P. 13G · institution new · filed 2025-02-14 5.8% new 6.7m 2025-02-14

Fell to 5% or below in the last year: Venrock Healthcare Capital Partners III, L.P. (0.0%, 2026-08-14), Vestal Point Capital, LP (0.0%, 2026-02-17), Propel Bio Management, LLC (4.2%, 2025-12-31), ALEXANDRIA REAL ESTATE EQUITIES, INC. (4.3%, 2025-12-15)

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 T. Rowe Price Investment Management, Inc. 0.00% of their portfolio BALTIMORE, MD 18,683,99018.7m $5.8m $5.8m 0.00% Added +8.3m +8,303,400
2 Vestal Point Capital, LP 0.19% of their portfolio NEW YORK, NY 11,500,00011.5m $3.6m $3.6m 0.19% Unchanged
3 Propel Bio Management, LLC 4.26% of their portfolio Los Angeles, CA 11,285,42011.3m $3.5m $3.5m 4.26% Unchanged
4 Knoll Capital Management, LLC 1.72% of their portfolio MIAMI, FL 7,799,6877.8m $2.4m $2.4m 1.72% Unchanged
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,219,6865.2m $1.6m $1.6m 0.00% Reduced -4.3m -4,331,616
6 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,734,0134.7m $1.5m $1.5m 0.00% Reduced -1.2m -1,155,180
7 Simplify Asset Management Inc. 0.08% of their portfolio Las Vegas, NV 4,487,5054.5m $1.4m $1.4m 0.08% Unchanged
8 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 2,643,5402.6m $822.4k $822.4k 0.00% New
9 TANG CAPITAL MANAGEMENT LLC 0.04% of their portfolio SAN DIEGO, CA 2,428,1692.4m $755.4k $755.4k 0.04% Unchanged
10 Rock Springs Capital Management LP 0.04% of their portfolio Baltimore, MD 2,075,9912.1m $645.8k $645.8k 0.04% Added +1.1k +1,100
11 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 2,003,3382.0m $623.2k $623.2k 0.00% Unchanged
12 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,944,9041.9m $605.1k $605.1k 0.00% Added +1.8m +1,835,806
13 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 1,822,5691.8m $567.0k $567.0k 0.00% Reduced -116.4k -116,435
14 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 1,544,1911.5m $478.7k $478.7k 0.00% Added +236.8k +236,810
15 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio Boston, MA 1,211,6291.2m $376.9k $376.9k 0.00% Reduced -750.0k -750,000
16 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 968,541968.5k $301.4k $301.4k 0.00% Reduced -1.2m -1,182,851
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 830,645830.6k $258.3k $258.3k 0.00% Added +325.5k +325,538
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 730,718730.7k $227.3k $227.3k 0.00% Added +414.5k +414,488
19 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 622,227622.2k $192.9k $192.9k 0.00% Reduced -3.8m -3,844,358
20 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 594,534594.5k $185.0k $185.0k 0.00% Reduced -366.1k -366,053
21 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 586,675586.7k $182.5k $182.5k 0.00% Added +151.9k +151,867
22 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 474,094474.1k $147.5k $147.5k 0.00% New
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 403,514403.5k $125.5k $125.5k 0.00% Reduced -229.0k -229,015
24 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 352,377352.4k $109.6k $109.6k 0.00% Reduced -1.6m -1,598,532
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 342,636342.6k $106.6k $106.6k 0.00% Reduced -2.5m -2,529,588
26 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 303,900303.9k $94.5k $94.5k 0.00% Reduced -354.5k -354,500
27 Hennion & Walsh Asset Management, Inc. 0.00% of their portfolio Parsippany, NJ 287,998288.0k $89.6k $89.6k 0.00% Reduced -13.3k -13,305
28 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 286,915286.9k $89.3k $89.3k 0.00% Reduced -285.4k -285,396
29 Birchview Capital, LP 0.09% of their portfolio BURLINGTON, VT 280,000280.0k $87.1k $87.1k 0.09% New
30 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 220,001220.0k $68.4k $68.4k 0.00% Added +100.0k +100,000
31 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 196,660196.7k $61.2k $61.2k 0.00% Reduced -4.5m -4,476,953
32 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 175,255175.3k $54.5k $54.5k 0.00% Reduced -592.9k -592,949
33 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 113,725113.7k $35.4k $35.4k 0.00% Reduced -32.6k -32,600
34 CreativeOne Wealth, LLC 0.00% of their portfolio OVERLAND PARK, KS 104,213104.2k $32.4k $32.4k 0.00% Added +53.8k +53,800
35 Jain Global LLC 0.00% of their portfolio NEW YORK, NY 84,89084.9k $26.4k $26.4k 0.00% New
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 79,41879.4k $24.7k $24.7k 0.00% Reduced -237.0k -237,037
37 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 57,45457.5k $17.9k $17.9k 0.00% Unchanged
38 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 55,21555.2k $17.0k $17.0k 0.00% New
39 SPHERA FUNDS MANAGEMENT LTD. 0.00% of their portfolio TEL AVIV, L3 50,00050.0k $15.6k $15.6k 0.00% Unchanged
40 Adams Wealth Management 0.00% of their portfolio LOGAN, UT 38,63738.6k $12.4k $12.4k 0.00% Unchanged
41 CacheTech Inc. 0.00% of their portfolio LOGAN, UT 38,63738.6k $12.4k $12.4k 0.00% Unchanged
42 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 36,22336.2k $11.3k $11.3k 0.00% Added +16.8k +16,768
43 Roble, Belko & Company, Inc 0.00% of their portfolio SEWICKLEY, PA 30,84130.8k $10.0k $10.0k 0.00% New
44 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 29,24329.2k $9.1k $9.1k 0.00% Reduced -5.1k -5,094
45 Ethic Inc. 0.00% of their portfolio NEW YORK, NY 28,62928.6k $9.3k $9.3k 0.00% Added +10.7k +10,662
46 China Universal Asset Management Co., Ltd. 0.00% of their portfolio SHANGHAI, F4 28,43528.4k $8.8k $8.8k 0.00% Added +5.1k +5,096
47 CANTOR FITZGERALD, L. P. 0.00% of their portfolio NEW YORK, NY 25,00025.0k $7.8k $7.8k 0.00% Unchanged
48 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 23,53523.5k $7.0k $7.0k 0.00% Added +9.6k +9,637
49 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 18,16718.2k $5.7k $5.7k 0.00% Reduced -26.2k -26,245
50 FMR LLC 0.00% of their portfolio BOSTON, MA 17,83117.8k $5.5k $5.5k 0.00% Reduced -52.1k -52,133
51 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 16,25116.3k $5.1k $5.1k 0.00% New
52 Baader Bank Aktiengesellschaft 0.00% of their portfolio Unterschleissheim, 2M 13,70013.7k $2.6k $2.6k 0.00% New
53 Stratos Wealth Advisors, LLC 0.00% of their portfolio BEACHWOOD, OH 12,10512.1k $3.8k $3.8k 0.00% New
54 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 11,62111.6k $3.6k $3.6k 0.00% Reduced -1.6k -1,612
55 Perennial Investment Advisors, LLC 0.00% of their portfolio Los Angeles, CA 11,60011.6k $3.6k $3.6k 0.00% Unchanged
56 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 11,10311.1k $3.5k $3.5k 0.00% Reduced -118.0k -117,981
57 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 10,80110.8k $3.4k $3.4k 0.00% Added +300 +300
58 ExodusPoint Capital Management, LP 0.00% of their portfolio NEW YORK, NY 10,45710.5k $3.0k $3.0k 0.00% New
59 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 10,28210.3k $3.2k $3.2k 0.00% New
60 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 10,12210.1k $3.1k $3.1k 0.00% New
61 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 8,1998.2k $2.6k $2.6k 0.00% Reduced -2.7k -2,652
62 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 7,4447.4k $2.3k $2.3k 0.00% Reduced -68.4k -68,393
63 CWM, LLC 0.00% of their portfolio OMAHA, NE 5,5525.6k $2.0k $2.0k 0.00% Reduced -14.3k -14,326
64 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 5,4695.5k $1.7k $1.7k 0.00% Added +1.6k +1,650
65 AlphaQuest LLC 0.00% of their portfolio New York, NY 4,6614.7k $1.4k $1.4k 0.00% Unchanged
66 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,6442.6k $0 $0 0.00% Reduced -304 -304
67 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,4942.5k $776 $776 0.00% Reduced -49.0k -49,014
68 Capital Advisors, Ltd. LLC 0.00% of their portfolio SHAKER HEIGHTS, OH 2,3672.4k $1.0k $1.0k 0.00% Added +528 +528
69 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,9842.0k $617 $617 0.00% Reduced -51.9k -51,923
70 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 1,0001.0k $856 $856 0.00% Unchanged
71 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 573573 $178 $178 0.00% Reduced -274 -274
72 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 544544 $169 $169 0.00% Reduced -129.2k -129,156
73 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 225225 $70 $70 0.00% First filing
74 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 8484 $26 $26 0.00% Unchanged
75 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 5959 $19 $19 0.00% New
76 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged